Preparing your own income tax return can be a task that leaves you with more questions than answers. According to a study released by the US Government's General Accounting Office last year, most taxpayers (77% of 71 million taxpayers) believe they benefited from using a professional tax preparer. Studies from several different studies say American taxpayers spend 16 hours on average for preparation and submission of a basic 1040 return.
Even if you use a do-it-yourself computer software program there's no substitute for the assistance of an experienced tax professional. My knowledge can help you find deductions, plan for tax savings, and use strategy when preparing the return to keep more of what you make by filing properly. Whether we like it or not, today's tax laws are so complicated that filing a relatively simple return can be confusing. It is just too easy to overlook deductions and credits to which you are entitled.
What you get:
Your tax return will be checked and rechecked by professional tax software, identifying potential problems the IRS may look at more closely and reviewing the math to limit IRS contacts.
Your tax return can be filed electronically so you will get a refund back quicker.
I will show you how to adjust your payroll withholding to get more money back each week. Why give the IRS an interest free loan for up to 16 months when you could be using that money?
I will show you potential deductions to limit your tax liability for next year.
A continuing and personal relationship throughout the year to respond to your tax and financial questions.
Contact me now to consult about doing your taxes, whether personal, small-business, farm, partnership, or corporation (including S-Corp). New clients, consider downloading the Tax Preparation Checklist and Tax Organizer packet. They look complicated, but don't worry, I will help you identify the necessary information for your return.
Non-Filed Tax Returns
Do you have previous years when you didn’t file your federal taxes? Every day the massive computer center at the IRS is getting more sophisticated, it's just a matter of time before they catch up with you. I can help you get your taxes current and avoid the risk.
Though it may not seem important, failing to file your tax returns when you owe taxes is a crime. If you owe and don’t file, you can be prosecuted, fined up to $25,000 for negligence, and may be set to jail. If someone doesn’t file and the IRS believes it to be an attempt to evade taxes the IRS may pursue felony charges. Why risk potentially losing your freedom for failing to file your tax returns!
Let me give you the peace of mind you deserve by helping you get in compliance with the law. If you voluntarily file your delinquent returns you'll likely avoid further problems other than having to pay the interest and penalties. The back taxes, interest, and penalties are still better than big fines.
If you refuse to file and the IRS files your returns for you, they are filed in the best interest of the government, usually with little or none of the deductions you are entitled to receiving. If you file before the IRS identifies you, they are unlikely to pursue and criminal charges and will be more willing to accommodate your payment efforts.
Before anything can be done to extract you from this predicament all the returns must be filed. You must be current. In most cases, you will likely owe taxes, interest, and penalties after the returns are filed. Once we see how much is owed, we'll identify a course of action to get you moving forward. It costs more to owe the IRS than it does almost anybody else.
Books a mess? No Problem!
If you own a small business and haven't kept up your bookkeeping, don't worry. I can help you. I will prepare your bookkeeping for the year, prepare a full Schedule C, as well as your personal income tax return. If your business is a partnership or corporation then I can prepare those returns as well. After that, I will help you set up an easy system that allows you to keep your books in tip-top shape next year.
Planning is the key to successfully and legally reducing your tax liability. I can help you go beyond tax compliance and proactively recommend tax saving strategies to maximize your after-tax income. I make it a priority to enhance my mastery of the current tax law, complex tax code, and new tax regulations by attending frequent tax seminars. Businesses and individuals pay the lowest amount of taxes allowable by law because I seek to continually look for ways to minimize your taxes throughout the year, not just at the end of the year.
We develop and recommend tax saving strategies that help you:
Grow and preserve assets by keeping Uncle Sam out of your pockets.
Defer income so you can keep your money now and pay less taxes later.
Reduce taxes on your income so you keep more of what you make.
Reduce taxes on your estate so your family keeps more of what you've made.
Reduce taxes on your gifts so you can give more.
Reduce taxes on your investments so you can grow your wealth faster.
Reduce taxes on your retirement distributions so you can retire in comfort.